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today with this tweet from former ge ceo jack welch. he wrote, unbelievable jobs numbers, these chicago guys will do anything. can't debate so change numbers. >> i wish i could say that the assertion that the obama campaign in chicago convinced the labor department to cook the books was universally decried. it was not. we have much more on the birth of the jobbers, a new american conspiracy theory coming up later in the show. for now the presidential campaign has been reshaped in a number of ways. is is the way obama achieved this milestone is very nonsocialist, actually. under obama the economy has created about 967,000 private sector jobs. so if obama is in fact a socialist, he's not very good at it. second in, romney's standard stump speech, we've now had quote 43 street months with unemployment over 8%. we are now under 8%. and third, this is probably the most important for the campaign. the debate was only two days ago. today is friday. the debate was wednesday. but this is a big enough jobs report, striking enough, that it has tur
today with this tweet from former ge ceo jack welch. he wrote, unbelievable jobs numbers, these chicago guys will do anything. can't debate so change numbers. >> i wish i could say that the assertion that the obama campaign in chicago convinced the labor department to cook the books was universally decried. it was not. we have much more on the birth of the jobbers, a new american conspiracy theory coming up later in the show. for now the presidential campaign has been reshaped in a number...
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i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every single month. so how do they feel to you? does this feelt like a surprising report to you? >> it was surprising. it was better than most people were expecting. it was better than any of the forecasters on wall street were predicting. but that happens sometimes. there's a reason they do these studies. if we already knew what was going to happen, there wouldn't be a point to doing it. and sometimes there's going to be surprises. the truth is, you alluded to this. a lot of the numbers are more consistent with what we're seeing in the economy. the payrolls number,
i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every...
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he put up i agree with former ge ceo jack welch. chicago-style work involved it. solis responded to the suggestion the numbers were cooked. >> i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the bls. they've been doing these calculations. these are our best trained and best skilled individuals that have been working in the field. it's really ludicrous to hear that kind of statement. >> let's bring in our "news nation" political panel today. john harwood and zachary ca caribel. thank you, gentlemen, for joining me. john, i want to come to you first because i want to play what president obama and governor romney said just a short time ago reacting to the jobs reports. let me play those first, both of them. >> there were fewer new jobs created this month than last month, and the unemployment rate as you noted this year has come down very, very slowly. it's come down nonetheless. the reason it came down this year is primarily due to the fact that more and more people have jus
he put up i agree with former ge ceo jack welch. chicago-style work involved it. solis responded to the suggestion the numbers were cooked. >> i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the bls. they've been doing these calculations. these are our best trained and best skilled individuals that have been working in the field. it's really ludicrous to hear that kind of statement. >>...
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former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response. >> it is noticeable that a lot of economist are saying this is not possible. you would need more than 114,000 jobbings. i don't think it matters except to broadcasting tv shows or writing for newspaper what number they throw up on the screen. people know they are out of work and in jobs and they are way overqualified for and working part-time. so many people are going out of business and under working now. 23 million unemployed difference does it make? >> the numbers simply write away the 211,000,000 people stopping to look for people. >> oh,
former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response....
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former ge ceo jack welch is out at fortune magazine according to reports. last week, welch questioned the drop in the unemployment rate to 7.8%. he famously tweeted, "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers." the comments caught widespread traction. critics, however, included a fortune manager. fortune.com posted an article highlighting that ge lost 100,000 jobs under welch's leadership. welch says he can no longer write for the magazine. some companies are using the presidential campaigns as an opportunity for new ad campaigns. 7-11 says so far obama takes the lead in its "7 election campaign," where shoppers can choose from a "romney" red cup or an "obama" blue cup. meanwhile, cabbage patch will release a line of dolls that resemble the candidates up for auction on ebay. and, pizza hut is offering free pizza for life to whomever asks the candidates if they prefer sausage or pepperoni at a town hall debate next week. still to come, with the country at a crossroads over labor unions, a new film gives us
former ge ceo jack welch is out at fortune magazine according to reports. last week, welch questioned the drop in the unemployment rate to 7.8%. he famously tweeted, "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers." the comments caught widespread traction. critics, however, included a fortune manager. fortune.com posted an article highlighting that ge lost 100,000 jobs under welch's leadership. welch says he can no longer write for the...
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welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you noticed anything about this number, the estimates of job gains came in the exact amount it was supposed to which should have kept it at 8.2%. the estimates, somehow we got to 7.8%, and the use the most of tiles survey, the household survey. gerri: we will get to that. >> 400,000. gerri: can these numbers be sai's? >> i don't think they can. we have had rumors of bls massaging
welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it....
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ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate
ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took...
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now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it right, there's no question 100% and a lot of the numbers that they're using are given by the obama administration. >> i know ken has a question for you, but my only thought on this whole thing is, i don't know that i buy that 7.8% number. i don't think that's real. i don't know that it was politics necessarily. >> nobody buys it. >> he's saying it's the numbers given to the bls by the obama administration. there's a lot of assumptions. obama care, the cbo, you can't impugn the cbo for coming up with $1 trillion for obama care. it was the numbers they got, double counting taxes, all of these bells and whistles in obama care to get it to work out. >> right. >> hold on. for the past year one of the talk
now as far as jack welch is concerned, you're all sitting around talking about jack welch, a great legend in business, a very smart guy, he's 100% correct, 100% correct. >> wait a second, in terms of the chicago political guys manipulating the numbers? >> how does it go down to 7? there wasn't an economist in the country and after the election they'll do a big correction but jack welch has it right, there's no question 100% and a lot of the numbers that they're using are given by...
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former general electric ceo jack welch had fun this morning. he tweeted this. he couldn't believe it. unbelievable job numbers. these chicago guys will do anything. can't debate so they change the numbers. welch went on fox news and claimed he wasn't making accusations about the administration. he's just raising the question. >> it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> welch received a different reception when he tried to peddle his theory to my colleague chris matthews on this network. >> i have no evidence to prove that. i just raised the question. >> no you didn't. you said these chicago guys will do anything. >> yeah. >> so they changed the numbers. do you want to take this back? >> no i don't want to take it back. >> there is a serious assertion there was corruption here, infiltration or getting to -- it's not funny, jack. you're talking about the president of the united states playing with the bureau of statistics numbers. this is nixon stuff. do you want to take back the ch
former general electric ceo jack welch had fun this morning. he tweeted this. he couldn't believe it. unbelievable job numbers. these chicago guys will do anything. can't debate so they change the numbers. welch went on fox news and claimed he wasn't making accusations about the administration. he's just raising the question. >> it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> welch received a different...
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here is what jack welch said. the data collection system is biased and overstated. i'm not sorry for the heated debates that pursuit. i am not the first to question government numbers and hopefully i will not be the last. what did you make of that whole brouhaha. >> i am not inclined to believe that the numbers were that kind of thing. i think that it is very difficult to do. the bigger issue is whether it was a blip or two, a statistical blip, or whether this is going to be a trend. we are probably not going to know that until after the election. gerri: at least one more data point to come. jonathan, what did you make of getting fired for him. the man ran ge. >> he diverted the attention away from the substance of the numbers because he went back to the integrity of the numbers. 114,000 new jobs is nothing to celebrate. we need 150,000 jobs to absorb all the new college graduates. i was surprised that he diverted from the fact that it was not good job supported all. gerri: that rummy is disturbed by that, a new low in the political season. >> it is very sleazy thin
here is what jack welch said. the data collection system is biased and overstated. i'm not sorry for the heated debates that pursuit. i am not the first to question government numbers and hopefully i will not be the last. what did you make of that whole brouhaha. >> i am not inclined to believe that the numbers were that kind of thing. i think that it is very difficult to do. the bigger issue is whether it was a blip or two, a statistical blip, or whether this is going to be a trend. we...
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. >>> well, jack welch. the former head of general electric, a partial partner to this network, will no longer contribute to reuters. the tweet suggested the white house manipulated jobs numbers for political gain. >>> a doggy day care outside of chicago has stepped in it so to speak with the nation's biggest coffee chain. starbucks is asking star barks to change its name and logo to avoid any customer confusion. >>> a new study out of denmark finds that the more expensive running shoes do not prevent injuries or make you run faster. >>> and it's that time of year again. the nieman marcus 2012 christmas catalog is out and it is complete with all the outlandish gifts like his and her diamond studded watches for a cool $1.1 million. bill, that's our christmas gift to each other. >>> coming up, san francisco stays alive, a bountygate update and the space jump will have to wait. >>> plus, the athletics steal game three from the tigers. your sports headlines are straight ahead. >>> i thought my gift to lynn was a
. >>> well, jack welch. the former head of general electric, a partial partner to this network, will no longer contribute to reuters. the tweet suggested the white house manipulated jobs numbers for political gain. >>> a doggy day care outside of chicago has stepped in it so to speak with the nation's biggest coffee chain. starbucks is asking star barks to change its name and logo to avoid any customer confusion. >>> a new study out of denmark finds that the more...
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. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11 states. the president dedicated a moment to caesar chavez. >> where there had once been despare, geez ared dis/* dispare, caesar gave people hope. whether it was bet are work conditions, that was a reminder that we are all god's children. >> dedicating a monument to caesar chavez within let's bring in correspondent from magazine. ari, president obama is not taking his lead or strength from the hispanic community. he wants more. he is trying to really solidify this. play to his base. how smart a strategy is it? >> i think it is smart and i think what the president has to do right now is get out there and get
. >> of course last week it was former general electric chief jack welch, alan west and right wing pundits making the allegation. we should remind viewers what got them so siexcited. until a few days guy conservatives were claiming all of the national polls, saying, they must have been off. the latest gallup tracking poll shows president obama's lead widening to five points again. today president obama was shoring up the hispanic vote just days before voter registration deadlines in 11...
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et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> let's be clear. when people were really most upset about is jack welch directly saying that somehow the obama campaign twisted the numbers. >> right. and, look, you can talk about how debt are collected, you can talk about statistically anomalies, about the fact that the recovery has been subpar. that's what jack welch is saying he's right about, the recovery has been supposed par. everyone was having that real conversation. but to say that someone directly changed the numbers because
et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs...
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so jack welch just can't let it go. said he was right about the strange jobs report. >> if you say so, sir. >>> in just a few hours the supreme court justices are going to begin hearing arguments concerning affirmative action in college admissions. abigail fisher claims the university of texas rejected her because she's white. let's talk to somebody who knows a lot about this firsthand. president of columbia university, president of university of michigan between 1996-2002, during which time he served as defendant in two supreme court case on affirmative action. thank you for talking with us. >> thank you for having me. >> when that case ended back in 2003, the sense was, maybe we'll need to discuss this for another 25 years. so here we are nine years later. affirmative action before the supreme court. what has changed that this is now before the supreme court again? >> well, i don't think anything has changed. i think the gruder decision which was in 2003 as you mentioned, really for the first time set down the princip
so jack welch just can't let it go. said he was right about the strange jobs report. >> if you say so, sir. >>> in just a few hours the supreme court justices are going to begin hearing arguments concerning affirmative action in college admissions. abigail fisher claims the university of texas rejected her because she's white. let's talk to somebody who knows a lot about this firsthand. president of columbia university, president of university of michigan between 1996-2002,...
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doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is participating, who is not working, who is trying for work, who has dropped out. it just begs the question. i think there ought to be a good discussion how this number is calculated. >>reporter: most analysts and the obama campaign are dismanage the criticisms as "without evidence." >> we wonder why institutions in this country are, the perception of institutions are failing, because people go on tv and make sufficient h stuff -- make stuff up. >> they had full charge of the first two years and the policies this president put into place actually made it worse, including the fact that obamacare is ta
doug we talked about a tweet from jack welch. did that ignite the controversy? >>reporter: the recovery surrounding friday's release of the unemployment numbers continues to swirl after jack welch, the respected former c.e.o. of g.e. treated "unbelievable jobs numbers. the chicago guys will do anything. can't debate? change numbers." facing criticism if the tweet he stuck by the criticism of the numbers. >> this number is made up of a whole mess of assumptions: who is...
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. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and could these shoes be coming to a shoe store near you some us ladies hope not. the so-called scary beautiful heels are backwards so it makes the feet point straight down like a ballerina. the designer says the shoes are a commentary on today's impossible standards of beauty. and apparently impossible to walk in. >>> san francisco stays alive, a bountygate update, and the space jump will have to wait. plus the athletics steal game three from the tigers. that's all coming up in sports. you're watching "first look" on msnbc. yeah. yeah. then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is
. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and...
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. >> last week it was former general chief jack welch, alan west and some right wing pundits making the allegation. we should remind viewers what got them so excited. the unemployment rate dipped below 8% for the first time in four years. until a few days ago, conservatives were claiming all the national poll, they must be way off. now that it romney's post debate bounce is fading, we'll probably hear it again. the latest poll shows obama's lead widening to 5 points again. the president was shoring up the vote. he dedicated a moment to cesar chavez. >> where there had once been despair, cesar gave workers a reason to hope. it's people. more than higher wages or better working conditions. that was cesar's gift to us. a reminder that we are all god's children. >> president obama dedicating a monument to cesar chavez. let's bring in ari melber. great to have you with us tonight. president obama is not taking his lead or his strength from the hispanic community. he wants more. playing to his base, how smart a strategy is it? >> i think it's smart and i think what the president has to do rig
. >> last week it was former general chief jack welch, alan west and some right wing pundits making the allegation. we should remind viewers what got them so excited. the unemployment rate dipped below 8% for the first time in four years. until a few days ago, conservatives were claiming all the national poll, they must be way off. now that it romney's post debate bounce is fading, we'll probably hear it again. the latest poll shows obama's lead widening to 5 points again. the president...
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jack welch, conservative guy, came out and said unbelievable jobs numbers. these chicago guys will do anything. is there any reason for any of us to believe that these numbers might be wrong or cooked or -- >> well, it's a good question. first of all, the most important number is going to be the one that comes out 30 days from now. remember we have one more unemployment rate, unemployment picture that comes out the friday before the election. so that will obviously be the most important one in terms of the outcomes of who wins this election. but, yeah, this was generally a pretty good number. i want to go back to that point. we still have this wide diversion in these two reports in terms of where the employment picture is. one other statistic, if i may, that's not so rosie is when we look at the broad rate of unemployment, which includes people who can't find a full-time job and we include people who have dropped out of the labor force because they've just become discouraged, that number is still 14.7%. that's still a very high number and very economically t
jack welch, conservative guy, came out and said unbelievable jobs numbers. these chicago guys will do anything. is there any reason for any of us to believe that these numbers might be wrong or cooked or -- >> well, it's a good question. first of all, the most important number is going to be the one that comes out 30 days from now. remember we have one more unemployment rate, unemployment picture that comes out the friday before the election. so that will obviously be the most important...
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. >> peter: and interesting 7.8% number, economists and jack welch, where did this come from, the raw numbers put out and a disconnect. >> clayton: we have to look the at revised numbers a few months later and maybe find out in december what the true number was or were in september. but we have new numbers out of ohio. the all important battle ground state of ohio where president obama has been leading significantly there. in recent polls, well not significantly, but 5 or 4 points accord to go what karl rove was talking about, 49-50%. and looking at virginia, and there mitt romney has pulled ahead of president obama 49-48% within the mar begin of error, but definitely experiencing a debate bounce. and speaking of which, let's talk about the money they have been able to raise because this plays into how people are feeling after the debate as well. in just the 48 hours since the debate, mitt romney has been able to raise 12 million dollars online and just staggering numbers. >> peter: at the same time, the president announced that they raised 181 million dollars in september, about 1.8
. >> peter: and interesting 7.8% number, economists and jack welch, where did this come from, the raw numbers put out and a disconnect. >> clayton: we have to look the at revised numbers a few months later and maybe find out in december what the true number was or were in september. but we have new numbers out of ohio. the all important battle ground state of ohio where president obama has been leading significantly there. in recent polls, well not significantly, but 5 or 4 points...
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when it comes to distrust and reporting, jack welch certainly is not alone. take a look at what gary tuchman uncovered about voters, about polls and, yep, the media when he followed paul ryan on the stump. >> reporter: before he walks into this college gymnasium in rochester, michigan, the crowd's already been whipped into a frenzy. and on the same day when paul ryan's done with his campaign speech here in swanton, ohio. >> i really appreciate it. thank you. >> reporter: there's no shortage of enthusiastic supporters hoping to shake the vice presidential candidate's hand. ryan then delivers a well-received stump speech. >> we need to change presidents. and we need to elect mitt romney the next president of the united states. >> reporter: but amid the enthusiasm there is anger among many people at these rallies. seething anger at the news media. >> the media lies. the media are for obama. >> i got to be honest, i can't stand it. it's brutal. it's dechtly one-sided. >> let's hear it for paul ryan. >> reporter: paul ryan said it himself that he believes there wa
when it comes to distrust and reporting, jack welch certainly is not alone. take a look at what gary tuchman uncovered about voters, about polls and, yep, the media when he followed paul ryan on the stump. >> reporter: before he walks into this college gymnasium in rochester, michigan, the crowd's already been whipped into a frenzy. and on the same day when paul ryan's done with his campaign speech here in swanton, ohio. >> i really appreciate it. thank you. >> reporter:...